Author: Hotcoin Research
Cryptocurrency Market Performance
Currently, the total cryptocurrency market cap is $3.34 trillion, with BTC accounting for 61.55% at $2.06 trillion. Stablecoin market cap is $245.9 billion, with a 1.1% increase in the last 7 days, of which USDT accounts for 62.26%.
This week, BTC price showed a volatile upward trend, currently at $110,915; ETH also showed a volatile upward trend, currently at $2,670.
Among the top 200 projects on CoinMarketCap, most are rising with a few declining, including: DOG with a 7-day increase of 54.14%, MOO DENG with a 7-day increase of 40.66%, HYPE with a 7-day increase of 33.48%, and WLD with a 7-day increase of 32.44%.
This week, US Bitcoin spot ETF net inflow: $2.75 billion; US Ethereum spot ETF net inflow: $247.7 million.
The "Fear & Greed Index" on May 23rd was 76 (higher than last week), with market sentiment being greedy for 7 days.
Market Forecast:
This week, stablecoins continued to be issued, with significant inflows into US Bitcoin and Ethereum spot ETFs, marking the largest inflow week since January. BTC broke through its historical high from $103,520 to $111,313, with a 7-day increase of 4.37%. The RSI index is 44.88, showing a neutral trend, and the Altcoin season index is 18. This breakthrough is driven by institutional "panic buying" rather than community-led. The market remains in a greedy sentiment. On Friday, influenced by Trump's comments about imposing a 50% tariff on EU products starting June 1st, the market experienced a brief dip before gradually recovering. Weekends are typically calm trading periods, and the current pullback appears normal.
The probability of the Federal Reserve cutting rates by 25 basis points in June is only 5.3%, lower than last week, with an expected 1-2 rate cuts this year. However, the steady progress of the US stablecoin GENIUS Act this week has boosted market confidence. Crypto king David Sacks, in a CNBC interview, stated that if the GENIUS stablecoin act passes, it could bring trillions of dollars in demand for US Treasury bonds. He predicts that after providing a legal framework, the stablecoin market will quickly expand from the current $200 billion (unregulated) to trillions, with Tether already holding nearly $120 billion in US bonds, surpassing Germany as the 19th largest holder. The passage of the stablecoin act will mark another celebration of this bull market.
[The rest of the translation follows the same professional and accurate approach, maintaining the original structure and technical terminology.]3. Pendle's lvlUSD and slvlUSD markets in collaboration with LevelUSD, with a maturity date of May 29, 2025. lvlUSD is the protocol's native non-yield stablecoin, based on USDT and USDC; while slvlUSD is a yield-bearing stablecoin, with yields sourced from the base yield of Aave V3 deposits and re-staking yields of Aave aTokens;
4. FTX will begin distributing over $5 billion to creditors on May 30;
5. The fifth season of Ethereum restaking protocol ether.fi will run from February 1, 2025, to May 31, 2025, with rewards including ETHFI tokens (at least 10 million), partner tokens, and King Protocol rewards;
6. The final 25% of the Ethereum L2 network Mint community airdrop will be unlocked on May 31;
7. Treasure Chain under the Treasure DAO game ecosystem will close at 3:00 Beijing time on May 31. Holders must cross-chain all ETH, MAGIC, SMOL, and NFTs before the end of May.
Important Events
1. The U.S. Securities and Exchange Commission (SEC) has opened public comment on the Litecoin ETF for Canary Funds, primarily focusing on whether the ETF proposal meets regulatory requirements for preventing fraud and market manipulation. The public comment submission deadline is May 26, 2025, with the deadline for counter-arguments being June 9, 2025;
2. Kraken has sent confirmation emails to FTX customers stating that the next round of FTX compensation distribution will occur on May 30, 2025, which will include creditors with claims both under and over $50,000;
3. On May 28, U.S. Vice President Vance will deliver a speech at the "Bitcoin 2025" conference;
4. On May 29, the Federal Reserve will publish the monetary policy meeting minutes for May.
Token Unlocks
1. Altlayer (ALT) will unlock 195 million tokens on May 25, valued at approximately $7.21 million, representing 1.95% of circulating supply;
2. Axelar (ALX) will unlock 13.51 million tokens on May 27, valued at approximately $5.33 million, representing 1.12% of circulating supply;
3. Open Campus (EDU) will unlock 21.02 million tokens on May 28, valued at approximately $3.66 million, representing 2.1% of circulating supply;
4. Renzo (REZ) will unlock 423 million tokens on May 29, valued at approximately $6.93 million, representing 4.24% of circulating supply;
About Us
Hotcoin Research, as the core research and investment hub of the Hotcoin ecosystem, focuses on providing professional in-depth analysis and forward-looking insights for global crypto asset investors. We build a three-in-one service system of "trend judgment + value mining + real-time tracking", offering precise market interpretation and practical strategies for investors at different levels through comprehensive crypto industry trend analysis, multi-dimensional potential project assessment, and round-the-clock market fluctuation monitoring, complemented by the bi-weekly "Hotcoin Strict Selection" strategy livestream and daily "Blockchain Today's Headlines" news briefing. Leveraging cutting-edge data analysis models and industry resource networks, we continuously empower new investors to establish cognitive frameworks and help professional institutions capture alpha returns, jointly seizing value growth opportunities in the Web3 era.
